One advantage of a multi-member LLC is that members may select how to split earnings. Corporations pay dividends on stock based on the number of shares owned, and partnerships generally split earnings among partners, but an LLC can choose how its profits are divided, not shared, or dispersed in any other way. However, be aware that IRS guidelines regarding special profit allocation may require profit sharing to reflect ownership percentages or actual economic necessity or circumstance—rather than an attempt to avoid paying taxes.
LLC creation services make the dreaded administrative element of running a business simple, quick, and inexpensive. And there are huge fans.
Best Overall Formation Service – Northwest Registered Agent
Northwest Registered Agent stays loyal to its tagline, “We’re just not irritating.” They have the lowest costs in the business, starting at $39 for an LLC. They do not upsell and do not promote any partner offerings. LLCRatings.com priority is speed, accuracy, and consumer privacy. Our top pick for LLC creation services is Northwest Registered Agent. Their service is ideal for first-time entrepreneurs, small business owners, and entrepreneurs who want to avoid bureaucratic difficulties.
ZenBusiness – The Most Comprehensive Service
ZenBusiness is a public benefit company with competitive pricing, outstanding customer assistance, an easy-to-use web interface, and a 4.7 out of 5 total customer rating. We were delighted by ZenBusiness’s amazing prices, excellent customer evaluations, straightforward and fast creation procedure, and capacity to construct LLCs in only a few days (even during peak seasons). We have no hesitation in recommending ZenBusiness’s business formation service to anybody wishing to create an LLC, since they scored well in all categories.